OUTH
E X C H A N G E
Invite Your Family To
Become a Member Of Ours
University of South Alabama
Federal Credit Union
103 Hillcrest Road
Mobile, AL 36608
Board of Directors:
President
Chuck Warnol
Vice President
Ben Tipton
Secretary
Scherita Mixon
Treasurer
Polly Stokley
Wayne Davis
Pamela Henderson
Steve Simmons
Management and Staff:
Manager
Betty Gorham
Assistant Manager
Felicia McKee
Bookkeeper
Ting Lowe
Loan Officer
Sandra Bolden
Head Teller
Stacy Barnhill
Teller: Doris Martin
Teller: Joan Sluder
Teller: Stephanie Lowe
Teller: Kathleen Ellis
Phone: (251) 706-0255
Fax:
(251) 706-0299
FALL 2007 EDITION
HOLIDAY CLOSINGS, 2007
Thursday, November 22, 2007 ......Thanksgiving Day
Monday, December 24, 2007................Christmas Eve
Close at 1:00 p.m.
Tuesday, December 25, 2007 ..............Christmas Day
Tuesday, January 1, 2008 ....................New Year’s Day
Current Loan Rates
(Depending upon credit qualification, your rate
might be as low as):
New & Used Autos
. . . . 36 months
. . . . 48 months
. . . . 60 months
. . . . 72 months
. . . . . . . . . . . . . . . . . . .5.35% APR
. . . . . . . . . . . . . . . . . . .5.75% APR
. . . . . . . . . . . . . . . . . . .6.25% APR
. . . . . . . . . . . . . . . . . . .6.75% APR
New Boats
. . . . 60 months . . . . . . . . . . . . . . . . . . .6.75% APR
. . . . 72 months . . . . . . . . . . . . . . . . . . .7.25% APR
Used Boats
. . . . 60 months . . . . . . . . . . . . . . . . . . .6.75% APR
Other Loan Rates
New Furniture & Appliances
. . . . up to 36 months . . . . . . as low as 10.9% APR
Here’s a chance to do yourself and your family
members a favor: Invite them to join the credit union.
Because you are a member of USA Federal Credit
Union, immediate members of your family also are
eligible to join. You will be doing yourself a favor
because as more members come aboard, the credit
union grows and becomes stronger. You’ll be doing
them a favor because they’ll be able to enjoy all the
benefits of belonging.
So invite your family to become a member of our
family. Or give a membership in the credit union as a
gift. It’s one that won’t be returned or end up in a box
in the closet.
To find out how to introduce the credit union to
your family, call on us today.
IMPORTANT MESSAGE
ABOUT
CHRISTMAS CLUBS
Christmas Club balances will be automatically
deposited into either your credit union share account or
into your credit union checking account on the night of
November 1. If you have not let us know which account
to transfer to, please call us before October 31.
Unsecured Loans
Main (Campus) Lobby Hours:
Monday-Friday
8:00 a.m. til 5:00 p.m.
Drive-Up Hours:
Monday-Thursday
7:30 a.m. til 5:00 p.m.
Friday
7:30 a.m. til 5:30 p.m.
. . . . up to 36 months . . . . . . as low as 10.9% APR
USAMC Branch Office Hours:
Monday, Wednesday, Friday
8:00 a.m. til 12:30 p.m. and
1:00 p.m. til 4:00 p.m.
Equal Opportunity Lender
Get-Away Loans
. . . . up to 48 months . . . . . . as low as 7.90% APR
VISA Credit Cards
. . . . 8.9% APR/No Annual Fee
All loan rates quoted as Annual Percentage Rates
and are subject to change without notice.
EQUAL HOUSING
LENDER
Don’t Get “PHISHED”
One form of “PHISHING” occurs when online crooks steal the
Credit Union’s logo and/or copy its corporate image to send phony
e-mails asking you to “verify” your account information. If you take
the bait by replying with your private financial information, the
“phishers” use it to steal funds from your account.
Remember, your Credit Union will NEVER ask you to “verify”
account details by e-mail. We already have this information! If you
receive such an e-mail, DON’T REPLY and notify the Credit Union
immediately.
Nomination Procedures for the
2008 Annual Meeting,
February 19, 2008
The Nominating Committee for the 2008 Credit
Union Annual Meeting will be appointed in October
2007. The Committee will file its nominations with
the secretary of the credit union by November 19,
2007. A brief statement of qualifications will be
included for each nominee submitted by the
Nominating Committee. Nominations for vacancies
may also be made by petition signed by 1% of the
members. Each nominee by petition must submit a
similar statement of qualifications with the petition.
Nominations by petition must be filed with the
secretary of the credit
union at least 40 days
before the annual
meeting. There will be no
nominations from the
floor.
STATEMENT OF FINANCIAL CONDITION
AS OF AUGUST 31, 2007
ASSETS:
Total Net Loans & VISAs
Net Investments
Fixed Assets
Land and Building
Other Assets
TOTAL ASSETS
Liabilities & equity:
Liabilities (Payables)
Member Deposits:
Certificates of deposit
Share Drafts (Checking)
IRAs
Christmas & Youth Clubs
Regular Shares
Equity
Regular Reserves
Undivided Earnings
TOTAL LIABILITIES & EQUITY
$16,551,900.02
4,315,268.52
128,717.31
862,121.76
133,310.45
$21,991,318.06
958,575.88
3,316,692.06
2,493,371.49
785,006.81
558,889.39
11,090,784.14
336,491.99
2,451,506.30
$21,991,318.06
CREDIT UNION
SERVICE CENTERS
The Member-Friendly Financial Network
Shared Branching
Shared branching is a cooperative network of credit unions that have
joined together and created shared service centers across the country. By
sharing facilities, credit unions can offer greater convenience for members
to access their accounts at many locations just as if they were at their
home credit union.
University of South Alabama Federal Credit Union members can now
enter any shared service center and conduct a range of transaction
services, such as:
G Cash checks
G Make deposits and withdrawals
G Make loan payments
G Make transfers between accounts
To take advantage of this service, when members enter a shared branch
they only need to bring:
G Their home credit union’s name. Remember to use the entire
name of the credit union, (University of South Alabama Federal Credit
Union,) instead of “USA” since there are four credit unions in the
United States using the name “USA.”
G Their account number
G Photo identification
You may conduct basic financial transactions at any location where
you see “the swirl logo.” For a nationwide list of service center outlets,
please visit www.creditunion.net or call 1-800-919-2872.
PEACE
OF
MIND
With Overdraft Privilege
It happens to the best of us. We unintentionally write a check for
more money than we have in our checking account, forget to record
an ATM withdrawal, forget to note a debit transaction, or forget to
note an automatic bill pay deduction. Whatever the reason, a check
returned for insufficient funds (NSF) is both costly and
embarrassing.
Your credit union now offers an Overdraft Privilege Program. It is
not a line of credit. However, if you inadvertently overdraw your
checking account, the credit union will have the discretion to pay the
overdraft, subject to the limit of the Overdraft Privilege Program and
the amount of the overdraft fees.
If you are not on the Overdraft Privilege Program yet, call our
member services representative and ask if you qualify.
Together
We’re Better
CREDIT UNION WEEK – OCT 14 - 20, 2007
International Credit Union Day is Thursday, October 18, 2007,
and this year’s theme, “Credit Unions: Together We’re Better,”
celebrates the benefits of belonging to a financial cooperative. Some
42,000 credit unions in 92 countries serving more than 161 million
members share the same goal: To improve the quality of life for their
member/owners.
Bring your children by during the week and sign them up for
membership in the credit union. We’ll have special gifts for our
youth during the week.
Then, please join us on October 18, 2007 for refreshments. It’s a
chance to say thank you to our valued member/owner for your
participation in the credit union, because “Together We’re Better.”